A risk management process is essential to modern insurance companies because it provides them with the necessary tools to identify and manage potential risks. Once a risk is identified, an effective risk management process [...]
Use RMIS Software That Incorporates Artificial Intelligence Into Your Risk Management Practice Risk management is a crucial aspect of any business or organization because it helps identify and mitigate potential threats that may impact [...]
A company’s ethos is set from the top, so shouldn’t it make sense that senior figures need to set the tone for the risk management culture as well? “You can’t control people through policies, procedures [...]
If the recent past is any indication, the not-so-distant future is likely to bring about even more complicated challenges in 2024 and beyond. However, with these challenges come opportunities as well, and firms with [...]
A successful risk manager is one that accomplishes his or her goals, but also achieves success through a well-balanced life. To be happy and successful, you'll need to construct a daily routine that addresses the fundamentals and tasks of your job [...]
Does your insurance lifecycle work like a luxury timepiece? Or does it feel more like a vicious cycle of stress? The current insurance environment is challenging, with more rules and regulations every year. Also, you [...]
These days, risk managers may find that keeping up with new insurance regulations is a critical part of the job. Recent changes to state or federal insurance rules have impacted almost all companies. Some [...]
Technology has become increasingly important to the hospitality and FOOD INDUSTRIES. For example, ONE OF EVERY FOUR HOTELS has sought to improve guest experiences by adopting new tech tools and features. Specifically, properties and [...]
OPERATIONAL RESILIENCE refers to an organization's ability to continue providing products or services while dealing with unexpected internal or external disruption. This area of risk management and disaster response also involves anticipating such events and [...]
Leverage cutting-edge technology to improve your Insurance Value Chain In the insurance sector, technological advancement has progressed at an exponential speed. While there is still a lot of opportunity for insurtech to grow, insuretch [...]
Too often companies get stuck “making do” with spreadsheets and other outdated risk management tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier -- and managing [...]
Gap analysis is a comprehensive method used to compare two or more entities to evaluate their differences. This comparison can identify areas of improvement or potential risks that may affect operations, as well as [...]
